Code | DS/UK/202 |
Corporate Name | Industrial and Commercial Finance Corporation |
Dates | 1945 - 1973 |
OtherFormsOfName | ICFC |
Activity | The Industrial and Commercial Finance Corporation Ltd (ICFC) was formed in 1945 to provide long-term capital to small and medium-sized firms, whose difficulty of access to the capital market had become known as the 'Macmillan Gap' following the 1931 report of the Macmillan Committee on Finance and Industry. The Bank of England was a shareholder in ICFC along with the London and Scottish clearing banks. ICFC merged with the Finance Corporation for Industry (FCI) in 1973 to form Finance for Industry. |
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